Short Interest in DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Declines By 39.6%

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,880 shares, a drop of 39.6% from the June 15th total of 3,115 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,667 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised DT Cloud Star Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

DT Cloud Star Acquisition Stock Performance

Shares of DTSQ traded down $0.04 during trading hours on Thursday, hitting $11.36. The stock had a trading volume of 7,240 shares, compared to its average volume of 3,495. The firm has a 50-day moving average price of $11.26 and a 200 day moving average price of $11.08. DT Cloud Star Acquisition has a fifty-two week low of $10.38 and a fifty-two week high of $12.90.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last released its quarterly earnings results on Friday, May 8th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On DT Cloud Star Acquisition

Institutional investors have recently modified their holdings of the business. Crossingbridge Advisors LLC increased its stake in shares of DT Cloud Star Acquisition by 100.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the company’s stock valued at $538,000 after purchasing an additional 25,000 shares in the last quarter. Quarry LP purchased a new position in DT Cloud Star Acquisition during the fourth quarter worth approximately $748,000. Meteora Capital LLC purchased a new position in DT Cloud Star Acquisition during the fourth quarter worth approximately $1,032,000. Clear Street Group Inc. grew its holdings in DT Cloud Star Acquisition by 44.0% in the fourth quarter. Clear Street Group Inc. now owns 108,780 shares of the company’s stock valued at $1,170,000 after purchasing an additional 33,235 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in DT Cloud Star Acquisition in the 4th quarter valued at $1,511,000.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.